By Jennifer Coogan 12 minutes ago NEW YORK (Reuters) - Wall Street looked set for a weaker market open on Wednesday after FedEx Corp (FDX.N) reported quarterly results and gave a dismal outlook due to high fuel prices and a weak U.S. economy.Adding to the negative mood, shares of Fifth Third Bancorp (FITB.O) fell 13.6 percent to $11 in trading before the opening bell after the U.S. Midwestern bank said it plans to raise at least $2 billion of capital and will slash its dividend to cope with mounting credit losses.
Banks, including Fifth Third, were the catalyst for the market's decline on Tuesday. The sector tumbled after Goldman Sachs analysts warned that U.S. banks would have to raise as much as $65 billion in capital to shore up balance sheets weakened by the mortgage crisis.
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